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Chapter 11B Insurance - Coggle Diagram
Chapter 11B Insurance
Types of Business Insurance
Public
injury to customers
Product
Illness due to use of product
Contents
Motor
Building
PRSI
pension
Employers
Injury at work
Fidelity
theft by staff
Types of Household Insurance
Health
Travel
Contents
PRSI
buildings
Motor
Life
How Insurance operates?
look for quotations/prices
fill in a proposal form
assess risks you want covered
Pay a premium/money for cover
Receive a Policy doc/ legal doc
Principles of Insurance
|nsurable Interest
Contribution
Indemnity
Subrogation
Utmost good faith
How Life Assurance operates?
Endowment
Term
Whole Life
Managing Insurance Risk
work out risks and ways to reduce them
ways of Minimising risk